A serious illness doesn’t just affect your health—it can devastate your finances. Trauma insurance (also known as Critical Illness cover) provides a lump sum payment if you’re diagnosed with a specific serious condition, such as cancer, stroke, or heart attack. At AdviseNow, we see this as a vital part of a complete protection plan.
Financial Freedom to Recover
Unlike income protection, which pays a monthly benefit, trauma insurance is a one-off lump sum. You can use this money for anything: paying off the mortgage, seeking specialist treatment overseas, or allowing your partner to take time off work to support you.
Focus on What Matters
When you’re facing a major health battle, the last thing you want to worry about is money. Trauma insurance provides the financial breathing room to focus entirely on your recovery and your family.
Key Takeaways
- Trauma insurance pays a lump sum upon diagnosis.
- It covers major conditions like cancer and heart attacks.
- The funds can be used for any purpose to aid your recovery.
Disclaimer: This information is general in nature and does not constitute personalised financial advice.
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